Muthoot Microfin IPO

Muthoot Microfinance Limited

₹14,127 /51 sharesMinimum Investment

Muthoot Microfin  IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹291.00₹275.00-₹16.00 (5.50%)
Muthoot Microfin  IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
18 Dec ‘23 - 20 Dec ‘23₹14,12751₹277 - ₹291
Issue SizeIPO Doc
960.00CrRHP PDF
Subscription rate
Qualified Institutional Buyers17.47x
Non-Institutional Investor13.2x
Retail Individual Investor7.6x
Employees4.94x
Total11.52x
About the company
Muthoot Microfinance operates as a microfinance institution, extending small loans to women customers primarily for income generation in rural areas of India. The company holds a notable presence in South India and claims the largest MFI market share in Kerala.
As part of the Muthoot Pappachan Group, a conglomerate with a 50-year history in financial services, Muthoot Microfinance stands as the second largest company under the group, based on AUM for 2023. The company provides group loans for livelihood solutions such as income-generating loans, Pragathi loans and individual loans, loans for cell phones, solar lights and household appliances, health and hygiene loans, and secured loans in the form of gold loans and Muthoot Small & Growing Business ("MSGB") loans.;Founded in
1992
Managing director
Mr. Thomas Muthoot
Parent organisation
Muthoot Microfinance Limited
Muthoot Microfinance Limited IPO
https://www.youtube.com/watch?v=_m2Sn-3csP8
Strength and risksStrengths
Risks
As of March 31, 2023, the company operates 1,172 branches, employs 10,227 individuals, and serves 2.77 million active customers.
As the 4th largest NBFC-MFI in India (December 31, 2022), Muthoot Microfinance primarily focuses on providing microloans to female customers for income generation in rural areas. The company holds market leadership with a pan-India presence, notably in South India, particularly Kerala and Tamil Nadu.
The company's business model promotes financial inclusion by catering to low-income groups across 321 districts in 18 states and union territories. Over the past five years, Muthoot Microfinance has extended its operations to North, East, and West India, diversifying its customer base and gross loan portfolio.
Muthoot Microfinance has implemented digital healthcare facilities through e-clinics, collaborating with M-Swasth Solutions Private Limited. As of March 31, 2023, 358 e-clinics have been set up, benefiting 41.60% of customers.
Muthoot Microfinance safeguards its customers through credit-linked life insurance policies, natural calamity insurance, and collaborations with the Muthoot Pappachan Group.
Muthoot Microfinance recorded a collection efficiency of 95.84% for 2023.
The company has a diversified funding profile, securing funding through various sources, including public and private sector banks, NCDs, and direct assignment of loans. Muthoot Microfinance maintains a conservative ALM policy, with a capital adequacy ratio of 21.87% as of March 31, 2023.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹277 - 291₹2 Lakh
Employee₹263 - 277₹2 Lakh
High Networth Individual₹277 - 291₹2 - 5 Lakh
For Muthoot Microfin IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹291.00	₹275.00	-₹16.00 (5.50%)

Bidding Dates	Min. Investment	Lot Size	Price Range
18 Dec ‘23 - 20 Dec ‘23	₹14,127	51	₹277 - ₹291

Issue Size	IPO Doc
960.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹277 - 291	₹2 Lakh
Employee	₹263 - 277	₹2 Lakh
High Networth Individual	₹277 - 291	₹2 - 5 Lakh

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Qualified Institutional Buyers	17.47x
Non-Institutional Investor	13.2x
Retail Individual Investor	7.6x
Employees	4.94x
Total	11.52x